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 EPF DIVIDEND, EPF

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Wedchar2912
post Feb 18 2022, 07:41 PM

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QUOTE(xander83 @ Feb 18 2022, 07:08 PM)
The lowest is we ever get back in the early 80s at 2.19 based on historical data and it went downhill thanks to PM4  doh.gif
Never even strengthened since 98 went badly downhilll from 2.5 range  doh.gif
Confirm tomorrow official announcement for sure as I believe they have finalised the paidout this afternoon
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don't know if can fully blame PM4, but he definitely didn't help. I just blame BN parties for allowing all this to happen.

But in the immediate future, I hope this weekend will announce 6.x% dividend. One can do "evening" dreaming after a heavy dinner... rclxm9.gif

Wedchar2912
post Feb 19 2022, 09:47 PM

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The system is currently under maintenance

yet again... The time now is 9:47pm Saturday.
Wedchar2912
post Feb 19 2022, 09:50 PM

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QUOTE(Ankle @ Feb 19 2022, 09:07 PM)
Dont hoh all the data wipe out  ranting.gif

Is that possible ?  rclxub.gif
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No lar... it is almost impossible to have full data wipe.

Even in a normal bank, there are multiple layers of redundancy... and the database would be backed up periodically.

But if worry, every month download a copy of the statement for safe-keeping to allow oneself to sleep well at night.
Wedchar2912
post Feb 20 2022, 12:10 PM

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QUOTE(Chrono-Trigger @ Feb 20 2022, 11:53 AM)
EPF is like this, when young cannot see much

but as get older, the money grows a lot, and suddenly become very significant...
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power of compounding.

also, 8% on a balance of 10K is only 800 rm
4% on a balance of 10 mio is only 400K rm

Tiering doesn't help those with low balance simply because the extra 4% pa will not do much. Gov better solve the low wage issue in Malaysia vs talking crap.
Wedchar2912
post Feb 20 2022, 12:12 PM

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QUOTE(cybpsych @ Feb 20 2022, 11:17 AM)
i think sudah masuk, not listed yet

check Withdrawal Eligibility, the total amount is higher

p/s: probably the difference includes Jan-Feb 2022 caruman.  sweat.gif
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yeah it is. Else would be pissed lor the dividend is so little... bangwall.gif
Wedchar2912
post Feb 20 2022, 12:29 PM

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QUOTE(Chrono-Trigger @ Feb 20 2022, 12:17 PM)
Probably the Tiering would be based on some form of inflation adjusted cost of living. I would say the first 1 million will be paid full dividend, giving about RM4000 / month return which is acceptable for today purchasing power.

after 1 million, probably less dividend.

This may work,provided they adjust it annually, taking into consideration inflation rate.
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Thats the headache and why it is not practical to have tiering. That is the threshold alone is a problem.

Setting 1 mio as the threshold is not optimal as it is just wishful thinking that those with 900K rm in EPF is poor.

So one should set the threshold to say 100K (~40% of EPF's recommended 240K rm Basic Savings balance). But what about age? Someone at age 56 who just took out his 1.88 mio and left 100K inside vs someone at age 25 vs someone at age 40 and never worked his life ( lying flat gen) vs someone at age 45 who struggles at getting consistent work...


Rather than spending the resources so figure this out, it would be more productive to fix the wage problem.


This post has been edited by Wedchar2912: Feb 20 2022, 12:31 PM
Wedchar2912
post Feb 20 2022, 12:33 PM

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QUOTE(xander83 @ Feb 20 2022, 12:18 PM)
They won’t be bother solving as they are hooked on foreign workers as a source of income them instead  doh.gif
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as much as we in general dislike SG, SG is also addicted to foreign workers...
the joke is on us Malaysians because we are the cheap foreign workers to them.... bangwall.gif bangwall.gif bangwall.gif

So are America, UK, Australia etc. all are addicted to foreign workers, but they don't try to suppress wages as a cultural hobby.
Wedchar2912
post Feb 20 2022, 12:34 PM

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QUOTE(kevyeoh @ Feb 20 2022, 12:31 PM)
why discuss about tiering when everyone worked hard and also contributed to EPF? then those who work hard to earn more should be penalize?
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Because our gov believe in equality in outcome vs equality in opportunity.

So do most of our actual parents really... if we all think about it.
Wedchar2912
post Feb 20 2022, 06:11 PM

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QUOTE(beLIEve @ Feb 20 2022, 05:52 PM)
wahhh seems like she's been stirring shits since 2020. I think she just make herself outstanding. After all the i-withdrawals, she wants others to fill back the hole. Govt will be grateful to her, probably make her a senator.

I personally know someone in heavy debts who opted not to work anymore at his late 40s thanks to all the i-withdrawals.
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for all we know, the writer is under government's payroll...
Wedchar2912
post Feb 23 2022, 01:43 PM

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QUOTE(prophetjul @ Feb 23 2022, 08:41 AM)
My gut feeling is discussing with UMNO on the GE15 possibilities.
If its this year, we may see 6%
If it's next year, we may see only 5.5%. EPF has become an election TOOL.
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election should be this year already. Waiting until next year is a huge risk for UMNO, especially when they have such good tailwind.

I am still hoping for 6.9%

drool.gif biggrin.gif
Wedchar2912
post Feb 23 2022, 03:47 PM

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QUOTE(JPSB @ Feb 23 2022, 03:29 PM)
2018 GE, EPF declared 6.9% if not mistaken. If GE is this year, hopefully the same .
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this is what I am hoping for.... that's why I kept on saying hoping 6.9%

drool.gif
Wedchar2912
post Feb 26 2022, 10:23 PM

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QUOTE(vorshre @ Feb 26 2022, 10:19 PM)
rentseeker mentality. u cant even see the simple point.
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lol.. rentseeker calling others rent seeking. Nice.

Just like bully claiming others bullying him.
Wedchar2912
post Mar 1 2022, 07:35 PM

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QUOTE(c64 @ Mar 1 2022, 06:23 PM)
When old that time, cry fadder madder no money, wants more hands out.
FD 2.3 - 2.8 can get lah. Just keep rolling your money from bank to bank. LOL.
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unfortunately, in 20 years time, no idea what kind and how much resources will be left for "us" to plunder. Want to hand out stuff also may not be able to.

Maybe by then we start exporting cheap labor to vietnam and indonesia....
Wedchar2912
post Mar 2 2022, 01:37 PM

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disappointed it is not 6.9%.... sad.gif

no vote for UMNO this round. lol
Wedchar2912
post Mar 2 2022, 01:51 PM

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QUOTE(MUM @ Mar 2 2022, 01:50 PM)
πŸ‘πŸ‘πŸ‘ With that amount of dividend,.... I think You are in the top 0.x% of the population
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Slightly more than 3 million for his case.
Wedchar2912
post Mar 2 2022, 01:52 PM

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QUOTE(pearl_white @ Mar 2 2022, 01:40 PM)
Based on 6.15%, I shud have rm220k dividend. But it doesn't appear yet in my 2021 statement

Are all your statements showing any dividends?
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nope. not showing anything on the app yet.
Wedchar2912
post Mar 2 2022, 02:07 PM

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QUOTE(Unkerpanjang @ Mar 2 2022, 02:02 PM)
Thanks all, much excitement.
Till we meet again next year... Keep safe, be happy.
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stay safe and be healthy...
next year will come back again for healthy discussion and friendly "speculation" of 2022 dividend... thumbup.gif
Wedchar2912
post Mar 3 2022, 04:26 PM

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QUOTE(Human Nature @ Mar 3 2022, 03:18 PM)
Ah shit, just about when I did some amount of self-contribution yesterday and tiering make the news again.

I was pondering - is it a good idea to max self-contribution so that can attain the 1mil cut off mark quickly. And then can start to withdraw the annual dividend. Anyone of you doing this?
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As per the rules now, any amount under 1 million is basically "stuck" and at so called mercy of goverment (can just ignore the different ways to withdraw small amounts for this discussion).

So at end, just depends on how close one is to the 1 million mark, as any amount above that, one can take out.
If one is like a few years away from reaching 1 million in EPF based on salary contribution, employer contribution and EPF dividend, then it would make sense to accelerate this process. Basically if one has more than 700K rm; because just dividend rate alone will push one above 1 million in just 5 years.

Wedchar2912
post Mar 3 2022, 11:21 PM

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QUOTE(beLIEve @ Mar 3 2022, 10:48 PM)
...
the rich gets richer investing for returns beyond a meager 6%. Nothing to object. Only those 50k-500k will object.
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The rich uses every available tools to get richer. The rich ones that I know usually made their wealth by being too concentrated in the beginning but learn to diversify out.

To them, EPF is part of their wealth and the rich do not like to be "forced" to do charity without recognition. Hence to say that they don't object is a fallacy.

At best, they will remove whatever they can when the dividend is not favorable (if say tiering is implemented) and then EPF management will have headache again about money outflow.
Wedchar2912
post Mar 3 2022, 11:27 PM

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QUOTE(Human Nature @ Mar 3 2022, 11:15 PM)
One can also look at this accelerated 1-mil EPF plan as one way to beat the tiered dividend scam. Let me explain. At just above 500k, one is already considered among the top 3% member based on the 2018 data. There is no chance the tier scam will let this group go unscathed. Everyone here agree that from this amount onwards, one will eventually attain 1-mil based on interest (and mandatory contribution alone). But unless one reached 1-mil,  no withdrawal is allowed yet, even when the scam kicks in. So this accelerated 1-mil EPF plan is to offset the 'future lost dividend' due to the scam. The curveball would be how soon will EPF bend and implement this scam. When the CEO addressed this matter, he used terms like - no rush, could be gradually introduced and open to work on something that can strike a balance. So perhaps now is the time to future proof our EPF money or minimize the impact.

Just my 2 cents.
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I am confused by the phrase scam... you mean that if EPF implements tiering, the tiering is a scam?

I don't think gov will implement progressive tiering, so it will be regressive tiering.
Then it would make sense for EPF to revert back to the original mandate of why EPF was created. By enforcing regressive tiering, it implies more funds in EPF is not desirable for retirement, and hence the said members should be encouraged to withdraw the excess and spur the economy by spending.
(or to the detriment of the country, these "rich" EPF members may just take the funds out of the country and not bother to invest in Malaysia)

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